Sunday, July 12, 2015

CHACHU'S PICK- Rakesh Jhunjhunwala

Rakesh Jhunjhunwala, the name that needs no introduction. The legendary investor who is known as the Warren Buffet of India. Lets check out the success story of Rakesh Jhunjhunwala and his journey from 5000 Rs to 8000 Crore.

Rakesh Jhunjhunwala believes in power of mistakes. He says its the mistakes that made him to learn and become a better investor.  he says. “If you don’t believe the markets are supreme, you will never admit that it was your mistake.

 If you don’t admit that it is your mistake, you will never learn.  To succeed in the stock market, not only is the ability to learn from one’s mistakes vital, he says, but also to blame only oneself for it. “I don’t blame the promoters of companies. I blame myself. The promoter is what he is. I have to recognise that. He is not what I expect him to be.”  Jhunjhunwala says what he has learnt in life is to try and earn money in trading and to invest it in stocks.

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